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MI HB5609

Bill

Official Source

Status

Passed

12/31/2018

Primary Sponsor

Leslie Love

Click for details

Origin

House of Representatives

99th Legislature

AI Summary

  • Allows property-casualty insurers and insurance producers to give merchandise gifts to applicants or policyholders, with a cost limit of $50.00 per calendar year per person.

  • Exempts these merchandise gifts from prohibitions under sections 2024, 2066, and 2070 of the 1956 Insurance Code.

  • Effective immediately upon enactment on December 28, 2018.

Legislative Description

Insurance; property and casualty; gifts to insured from property-casualty insurer; allow up to $100.00. Amends sec. 2024b of 1956 PA 218 (MCL 500.2024b).

Insurance: property and casualty

Last Action

Assigned Pa 542'18 With Immediate Effect

12/31/2018

Committee Referrals

Insurance2/20/2018

Full Bill Text

No bill text available